Spectrum Brands Holdings, Inc. (NYSE:SPB) declared a quarterly dividend on Wednesday, November 15th, Wall Street Journal reports. Investors of record on Tuesday, November 28th will be given a dividend of 0.42 per share on Tuesday, December 19th. This represents a $1.68 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, November 27th.
Spectrum Brands has increased its dividend by an average of 15.0% annually over the last three years and has raised its dividend every year for the last 3 years. Spectrum Brands has a payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Spectrum Brands to earn $6.91 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 24.3%.
Spectrum Brands (NYSE:SPB) traded up $1.11 on Thursday, reaching $115.70. The company had a trading volume of 547,429 shares, compared to its average volume of 437,692. Spectrum Brands has a 1 year low of $98.11 and a 1 year high of $146.09. The firm has a market cap of $6,625.85, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.83 and a beta of 0.76. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75.
Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.12). Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts anticipate that Spectrum Brands will post 6.16 EPS for the current year.
Several research analysts have recently issued reports on SPB shares. Oppenheimer reaffirmed a “buy” rating and set a $167.00 price objective on shares of Spectrum Brands in a research report on Wednesday, August 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $155.00 price objective on shares of Spectrum Brands in a research report on Wednesday, November 15th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $125.00 price objective (down from $147.00) on shares of Spectrum Brands in a research report on Tuesday, October 31st. Gabelli raised Spectrum Brands from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $137.25.
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About Spectrum Brands
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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